GST Revenue collection for December 2019 Rs 1,03,184 of gross GST revenue collected in the month of December

The gross GST revenue collected in the month of December 2019 is Rs 1,03,184 crore (US$ 14.76 billion) of which CGST is Rs 19,962 crore (US$ 2.86 billion), SGST is Rs 26,792 crore (US$ 3.83 billion), IGST is Rs 48,099 crore (US$ 6.88 billion) (including Rs 21,295 crore [US$ 3.05 billion] collected on imports) and Cess is Rs 8,331 crore (US$1.19 billion) (including Rs 847 crore [US$ 0.12 billion] collected on imports). The total number of GSTR 3B Returns filed for the month of November up to 31st December 2019 is 81.21 lakh.

The GST revenues during the month of December 2019 from domestic transactions has shown an impressive growth of 16 per cent over the revenue during the month of December 2018. If we consider IGST collected from imports, the total revenue during December 2019 has increased by 9 per cent in comparison to the revenue during December 2018. During this month, the IGST on import of goods has seen a negative growth of (-) 10 per cent but is an improvement over (-) 13 per cent last month and (-) 20 per cent in the month of October.

The government has settled Rs 21,814 crore (US$ 3.12 billion) to CGST and Rs 15,366 crore (US$ 2.20 billion) to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of December 2019 is Rs 41,776 crore (US$ 5.98 billion) for CGST and Rs 42,158 crore (US$ 6.03 billion) for the SGST.

State-wise Gross Domestic GST Collection for the month of December 2019 (Amount in Crore)

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.